Economy Chat

An idiot’s guide to Bitcoin and how the cryptocurrency could make YOU staggeringly rich… or really poor

An idiot’s guide to Bitcoin and how the cryptocurrency could make YOU staggeringly rich… or really poor

IT’S 2010 and you walk into your local Post Office, slap £75 on the counter and ask for your money back in dollars. The cashier hands you back $121.50 for your hard-earned pounds – $22 more than you’d get back for the same transaction today. On that same day, if you had instead spent your […]

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How to buy Bitcoin, is the digital currency safe and what are Iota and Ethereum?

THE digital currency Bitcoin continues to confound expectations as it hits headlines across the world. Here’s everything you need to know if you’re thinking of investing in Bitcoin or one of the other cryptocurrencies… How do I buy Bitcoin? The most common way to buy the currency is to download a broker app such as […]

Bitcoin marketplace NiceHash robbed of $70MILLION by hackers as cryptocurrency breaks through the $16,000 mark

CYBER thieves have made off with $70million worth of Bitcoin in a sophisticated heist targeting an exchange. NiceHash, a Solvenia-based Bitcoin exchange, has said about 4,700 of the currency – each worth more than $16,000 – were stolen from its “wallet”. The company has suspended transactions as it investigates how the hackers made off with […]

Iota price and how to buy – what is the cryptocurrency and how does it compare to Bitcoin?

IOTA is the latest word on the tips of people’s tongues as cryptocurrencies continue to make the news. Here’s everything you need to know about it… What is Iota? Iota – which stands for Internet of Things Application – is a new cryptocurrency, similar to Bitcoin. But it is different in certain key ways. Bitcoins […]